The stocks of banks which are the largest lenders in the energy sector fell sharply at the opening Monday, before stocks were stopped after the triggering of trading limits. JPMorgan Chase
down 11.7%, Bank of America Corp.
dropped 14%, Citigroup Inc.
down 13% and Wells Fargo & Co.
dropped by about 10%. ETF SPDR Select Financial Sector
had not yet traded. Oil stocks fell sharply, as crude prices fell more than 20% amid a price war between Saudi Arabia and Russia. Jones’ industrial average
lost 1884 points and the S&P 500
lost 165 points. Actions are expected to resume at 9:49 a.m. EST.